SIPOC Diagrams and Value Addition Quiz
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Questions and Answers

What is the primary sector of the economy primarily involved in?

  • Extracting natural resources (correct)
  • Selling finished products
  • Providing knowledge-based services
  • Manufacturing finished products
  • Which sector focuses on research and development?

  • Quinary sector
  • Quaternary sector (correct)
  • Secondary sector
  • Tertiary sector
  • What is the process approach represented by the SIPOC diagram?

  • OUTPUT >>> PROCESS >>> INPUT
  • INPUT >>> OUTPUT >>> PROCESS
  • PROCESS >>> OUTPUT >>> INPUT
  • INPUT >>> PROCESS >>> OUTPUT (correct)
  • What adds value to the business according to the text?

    <p>Transforming input into output</p> Signup and view all the answers

    What is management defined as in the text?

    <p>The organizational process of creating a service or product from raw materials</p> Signup and view all the answers

    Study Notes

    Economic Sectors

    • The primary sector of the economy is primarily involved in extracting or harvesting natural resources, such as agriculture, mining, and forestry.

    Research and Development

    • The sector that focuses on research and development is the tertiary sector.

    SIPOC Diagram

    • The SIPOC diagram represents the process approach, which is a methodology that identifies the Suppliers, Inputs, Process, Outputs, and Customers involved in a process.

    Value Addition

    • According to the text, it is the process that adds value to the business.

    Management Definition

    • Management is defined as the process of planning, organizing, and supervising to achieve organizational goals.

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    Quiz Team

    Description

    Test your knowledge of the organizational process and value addition in business with this quiz on SIPOC diagrams. Assess your understanding of transforming raw materials into a valuable product or service and the input processes involved in creating value within a business.

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